Consumer preference for quality pet food hasn’t diminished despite inflation
A recent survey reveals that while most pet parents felt the inflationary hike, only 1 in 6 switched to cheaper brands. The rest continued to prioritize quality, nutrition and health benefits over price.
Meet the world top suppliers through China International Pet Show
The 27th China International Pet show (CIPS) was successfully held from December 7th to 10th, 2023, at the National Exhibition and Convention Center in Shanghai.
US government funds projects to leverage the pet industry across international markets
The American Feed Industry Association (AFIA) and the Pet Food Institute (PFI) received a capital injection of $1.5 million.
Taiwanese pet parents splurge $900 on pets annually
Most of their budget goes to food, medication and grooming services.
Super Design inaugurates new facility
The Chinese pet accessory manufacturer wants to improve efficiency and capacity through its new solar-powered plant.
i-Tail’s sales drop 35% in Q3: forecasts upward trend in Q4
The subsidiary of tuna multinational Thai Union acknowledges the impact caused by the softened demand from customers in Southeast Asia.
H&H Group’s pet portfolio jumps 30% in the year to date
The owner of pet supplement brands Zesty Paws and Solid Gold highlights the “significant success” of the business in mainland China.
Tech corporations entering the Chinese pet market
Following a surge of pet tech products in the Asian country, GlobalPETS rounds up the multinationals capitalizing on pet parents’ pet care and wellness needs.
Deflation in the pet category (Part 1): China
Decreasing demand allowed prices to drop in China benefitting pet consumers, but what are the long term impacts of deflation?
Could China’s pet food industry hit $33 billion by 2025?
It is believed that the number of pet food manufacturers in the Asian country tripled in the past 5 years.
New report paints a picture of the US pet food industry
Exports of pet products are increasing by 20% year-on-year. These are the details.
Is Gambol Pet the largest public pet company in China?
Worth $2.7 billion, the Liaocheng-based pet food company was successfully listed on the Shenzhen Stock Exchange in mid-August.
Jebsen Group: 2 pet-related acquisitions this year (so far)
The investment firm has recently acquired Hong Kong online retailer Vetopia.
Promising markets in the world of wet pet food
Although the wet pet food category has suffered from the trading-down trend among consumers, it still has potential. These are the markets to watch.
Symrise: overall decline, pet food segment records growth
The German firm hopes to “strategically strengthen” its pet food portfolio in the near future.
The post-Black Sea grain era
Players are seeking alternative transport routes, but fearing a price increase in the near future.
i-Tail’s pet treat sales drop by over half
We dive into the details of why the Bangkok-based manufacturer posted a drop of 40% in revenue in Q2 2023.
Pet food suffers the biggest price hike across Nestlé’s businesses
The category sees 9% revenue growth in the first half of 2023.
Joint venture to revolutionize virtual pet entertainment
Hong Kong investment company and virtual pet entertainment innovator announced a strategic partnership.
Analysis: High inflation continues impacting pet supplies
Europe takes the lead in the biggest price increases in the first months of 2023.